Every employer is aware that a competitive benefits package is an essential part of recruiting and retaining the right talent. Risk benefits – death-in-service, income protection (PHI) and critical illness benefits – form an important part of the deal.

Hewitt's Employee Risk Benefits team provides clients with advice on all aspects of the design and finance of risk benefits and associated employee benefits. Our experts help companies to make the right promises to employees, matched by the right insurance decisions to deliver them. Our services include:

• New arrangements: Many companies are looking at changing their pension offer to employees. Because we design risk benefits as part of a total benefits package, our solutions are consistent with our clients' employment philosophy, business constraints, and the ever-changing world of the provider market. We offer advice to ensure packages are competitive, keeping clients up to speed with new products as they come onto the market and testing the suitability of packages against current trends. We can also help clients to set up new arrangements, and help with employee communications.
• Finance strategy: We help clients to identify the most appropriate way to finance risk benefits, from full or partial insurance to self-insurance. Our risk assessments and analysis of expected outcomes ensure that decisions are measured closely against the risk attached to each option.
• Insurance consultancy and rebroking: Thanks to our effective and pro-active broking of insurance contracts, our clients benefit from the most competitive terms available. We have been influential in persuading insurers to change their approach to policy design with the introduction of new generation policies to meet the needs of today’s employer more effectively. We take pride in our attention to detail and make sure that insurance is properly placed on the basis required with no avoidable gaps in cover.
• Insurance administration: We can offer a complete support service for policy renewal, premium accounts, claims management and medical underwriting.

Strong connections

Hewitt is highly respected in the provider market for its knowledge and integrity. Our 30-strong Employee Risk Benefits Team advises over 300 clients of all sizes, across all industry types, on all aspects of the design and financing of group risk benefits. Because the team is based on a single site they can work closely together, drawing on every element of the lead consultant group’s extensive and varied specialist knowledge and experience.

To find out more about how we can help save you money and tailor your risk benefits package to meet your business needs, please contact Deborah Cowell.